Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,048 shares of the industrial products company’s stock after selling 895 shares during the period. Moody Aldrich Partners LLC owned approximately 0.06% of Franklin Electric worth $2,733,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 107 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Franklin Electric during the 4th quarter valued at about $40,000. CWM LLC boosted its holdings in Franklin Electric by 16.7% in the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after buying an additional 98 shares during the last quarter. USA Financial Formulas acquired a new stake in Franklin Electric in the 3rd quarter worth about $74,000. Finally, Signaturefd LLC boosted its holdings in Franklin Electric by 29.9% in the 3rd quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock worth $75,000 after buying an additional 164 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price objective on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Franklin Electric Stock Down 0.5 %

FELE stock opened at $99.20 on Wednesday. The firm has a market cap of $4.53 billion, a PE ratio of 25.11, a PEG ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The firm’s 50 day moving average price is $101.48 and its 200-day moving average price is $101.88. Franklin Electric Co., Inc. has a one year low of $91.67 and a one year high of $111.94.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.10). The firm had revenue of $531.40 million for the quarter, compared to analysts’ expectations of $551.08 million. Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. On average, equities research analysts anticipate that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.

Franklin Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, February 6th. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total value of $150,330.00. Following the completion of the transaction, the insider now owns 9,032 shares in the company, valued at $905,187.04. The trade was a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.72% of the stock is owned by insiders.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.